Many renters in Kildare yet to avail of €750 rent tax credit, TD says

Many renters across County Kildare have yet to claim their tax credit worth €750 per person.

That's according to Kildare South TD, Martin Heydon.

Deputy Heydon is urging renters to claim the credit.

Commenting on the matter, he said: "Under this scheme, individuals can claim €750, and couples can claim €1,500 when jointly assessed.

"This is a welcome step for many who may be trying to save to buy a home."

Deputy Heydon continued: "The increase in this credit from €500 to €750 in Budget 2024 was an excellent boost for renters in Kildare.

"Last year, hundreds of renters across Kildare claimed the tax credit.

"This year, many hundreds of renters in Kildare have claimed the credit so far, but this still leaves many who have not yet availed of this significant financial benefit.

“The rent tax credit also applies to parents in Kildare who pay for their children's student rental accommodation."

He further said: "The beginning of the college year is an expensive time for parents, so it’s really important they are aware of the supports available before students go back to college in September.

"The scheme also applies if a renter has an arrangement where the tenant shares with the owner, or is in a rent-a-room or 'digs' arrangement.

"It's easy to claim the credit; renters can do this online through the Revenue’s myAccount system. To avail of the tax credit, a landlord must be registered with the Residential Tenancy Board (RTB)."

He also said that his party, and Minister Alan Dillon, are 'supporting' renters: "We want to help alleviate the financial pressures people face when renting while trying to save for a home."

Deputy Heydon concluded: "I strongly urge renters and parents who are supporting college students across Kildare to avail of this measure... they can be reassured that Fine Gael is committed to supporting them."

Fine Gael TD Martin Heydon. File photograph.